Imperial Shareholders Greenlight U.S. Acquisitions

 

(CSN) LONDON — Another piece of the Reynolds American Inc. (RAI) and Lorillard Inc. merger has fallen into place with the shareholders of Imperial Tobacco Group plc approving the acquisition of several U.S. brands.
In July, London-based Imperial Tobacco announced it would acquire several brands from Winston-Salem, N.C.-based RAI and Greensboro, N.C.-based Lorillard as those two tobacco companies prepared to join forces. Under the purchase agreement, Imperial Tobacco will pay $7.1 billion for the Winston, Kool and Salem brands from RAI, and the Maverick and blu eCig brands from Lorillard, as CSNews Online previously reported. Continued